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[Monitor] Household debt rises 6.1 percent in 2018
By Korea HeraldPublished : Dec. 23, 2018 - 16:58
The average debt of Korean households rose 6.1 percent to 75.31 million won ($66,700) as of March from a year ago, data showed Sunday.
According to Statistics Korea, South Korean household assets on average reached 415.73 million won, up 7.5 percent from a year earlier, but the increase in household debt raised concerns over the impact of a possible hike in market rates.
Local banks are poised to raise interest rates following the rate hike by the US Federal Reserve to a range of 2.25 to 2.5 percent Wednesday.
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Articles by Korea Herald
